forced to live off the scraps of the billionaires tables every day that the fix the debt and other pete peterson efforts succeed at destroying americans faith in our own government we the people lose to learn more about peterson and his campaign and his millionaire c.e.o. buddies go to peterson pyramid dot org and spread the word our national wealth our national retirement and our social safety net programs should not be handed off to wall street. and that's the way it is that i. tuesday march fifth twenty thirty or more information check out our website to tom hartman dot com free speech or r t and guru dot com slash the big picture you know forget the box receive begins when you get out there get out your to your it civil. but. there's no been made. they're serving a sentence just like their mother. the one who's born and president. now almost pain for the crimes committed by their parents. killed may be switched on our t.v. . mission and free credit cation free. for charges free coming to mention free. three stooges free. download free broadcast plug in video for your media projects and free

and who is he actually fighting for the doctor on the show before about obama's connections to pete peterson the wall street billionaire behind the so-called fix the debt movement and a well known supporter of social security privatization president isn't just the chief executive he's the leading figure in his political party in this case a party that has historically championed the interests of the middle class and all those whose lives have improved because of new deal and great society reforms if obama betrays his party and his supporters on social security or even medicare and medicaid because he knows how far he's willing to go to please republican. the results could be disastrous creating a rift between the democratic party's leadership and its base could the party survive this kind of split with the president risk destroying our social safety net and possibly he's his party's political platform just to strike a deal with boehner and company let's ask mike pavin tonio attorney and host of ring of fire radio back to the show tom how are you just great so mike do you think that the presi

pete peterson was the chair. so we are sitting outside of hate rainbirds office. and let's put the fear of god and me because he said to me we are going in to meet with hank greenberg. renowned businessmen, he has made a tremendous mark on the development and rise of aig. you know what to me he is very direct. he is very snappy, time efficient, no nonsense. he will look you right in the eye. he told me, make sure that you are direct, let him ride in the right and get to the point. i said, i will. well, the good news is i got the job. [laughter] but that was my introduction to hank greenberg. as you know, today we are gathered to mark and to graduate, if i may say, hey got his book, "the aig story." the buck, i think, really underpins what hank greenberg is about. in fact, i liked very much henry kissinger's inscription in the back in which she talks about your being truly a major figure in american business in the 20th-century, someone who is principal cost of a committed, and does not waver on one's principles in that time of crisis. and now think that the story

those of you who know the president at the time of cfr and pete peterson was the chair. sit in outside of hank's office and put the fear of god in me because were going in to meet with hank greenberg. user would not businessman, has made a tremendous remark on the development and rise of aig and he's very direct, very snappy, time efficient, no-nonsense and he told me, and make sure you are correct. look them right in the eye and get to the point. so i said i will. the good news is i got the job. but that was my introduction to hank greenberg. as cnet today, we are gathered to mark congratulated by mad, hank on this book, "the aig story." the book i think really underpins what hank greenberg is about. in fact, i liked very much henry kissinger's inscription in the back in which he talks about your being truly a major figure in american 20th century, someone's who's principled, strongly committed and does not waver in one principles of the time of crisis. i think this story really undergirds and substantiates that. the book is not only a chronicle of his personal story, s

is doing well, but not a lot of pete peterson's. secondly, the situation for near retirees, this idea that people coming down the road, baby boomers like they're going to be real wealthy. the data doesn't support that. third, the evidence on the cpi, and we forward your to good account on this but want to say more about the evidence on the cpi and cost-of-living of seniors is very mixed. the idea that somehow we're overstating the thing i do think about that very carefully. we've heard to good presentations on the. i want to get in a few more things. the last thing is that this is a big hit. one of the things i found frustrating in washington is the idea that okay, no big deal, we'll do this and no one will notice. the reality is we are talking a real money. first off in terms of the affluence of current retirees, again you heard allusions to the to close to 40% of seniors rely on social security 490% or more of their income. this is an average muslim benefit just over 1200 a month. so we know -- this is not an affluent group on the

pete peterson, another distinguished gentleman wrote "running on empty" four or five or six years agoce? we're living too comfortablebly with policies and when things change we will have a crisis on our hands. we either have intelligent leadership to head off the crisis or respond the crisis. i'm not a big short seller and don't think financial assets discount crisis. it's potential for instability. we don't know if that hits a year from now, 18 months from now, two years from now. we're heading down the wrong path and we're staying on that wrong path because there's no consequence to the policies. the public is telling the government, here's my money for nothing, take my money. t bills are 10 basis points, 8 basis points, 10 year money is 180. you would think intelligent fiscal management, we should be issuing 100 year bonds now as a country. >> jeff, the stock market is attractive compared to these other things. >> that's a very important point. i said on this show three years ago, equities are the best house in the financial asset neighborhood. we don't know whether it's a good nei

those of you who know my skills to suppress them into time of cfr and pete peterson was the chair. so we were sitting outside of hank greenberg's office and last but the fear of god in me because he said we are going and to meet with hank greenberg. he's a renowned businessman, made a tremendous mark on the development and of aig to write, time efficient, no-nonsense and i'll look you in the eye. he told me, make sure you are direct, look them in the eye and get to the point. so i said i will. the good news is i got the job. , if i may say, hang on this book, "the aig story." the book underpins with hank greenberg has failed. i like henry kissinger's inscription in the back in which he talks about your being truly a major figure in american business in the 20th century. someone who is principled, strongly committed and does not waver on what principles in a time of crisis. this story really substantiates to that. the book is not only a chronicle of his personal story, starting with his departure from the unit army officer in the korean war and its entry into the insurance industry

pete peterson was the chair. so the this actually put the fear of god in me. because he said we are going in to meet with mr. greenberg. and he said, you know what, he is very direct, he is very snappy, time efficient, no-nonsense, he will look you in the eye. look them in the eye and get to the point. well, the good news is, i got the job. and that was my introduction to hank greenberg. well, we are gathered today to honor and congratulate hank on his book. the aig story. i like very much henry kissinger 's inscription in the back, in which he talks about being a major figure in the 20th century, someone who is principle, does not waver on one's principles in a time of crisis. i think this story substantiate that. the book is not only a chronicle of a personal story, starting with his departure from being in army officer in the korean war and his entry into the insurance industry. but then going on to become the head of aig. bringing it to what became literally the largest insurance company in the world with almost over $8 trillion. there is the personal side

somebody like alice rivlin, the former head of the budget office of the white house who is funded by pete peterson and she comes out and says social security is going bankrupt we need to stop it or capsize and they don't always get the message about what is really going on. so the sort of an element of complexity and lack of good information out there about social security is a real issue. >> it has political support among the voters in general. >> i did the polling going back 35 years and i found it consistently if people were presented with the option of paying a little bit more in payroll tax in order to secure social security, they all say yes this is the earliest poll i found that was in 1977, and it's consistent. what's changed is the view of the elite in this country, not of working people. >> talk about what needs to be done politically to strengthen the social security system. >> there's three things that need to be done. we are talking about the political crisis, not the suppose of fiscal crisis. number one is, and this may sound a little out of left field we need to revise the movement

pete peterson was the chair. so the this actually put the fear of god in me. because he said we are going in to meet with mr. greenberg. and he said, you know what, he is very direct, he is very snappy, time efficient, no-nonsense, he will look you in the eye. look them in the eye and get to the point. well, the good news is, i got the job. and that was my introduction to hank greenberg. well, we are gathered today to honor and congratulate hank on his book. the aig story. i like very much henry kissinger 's inscription in the back, in which he talks about being a major figure in the 20th century, someone who is principle, does not waver on one's principles in a time of crisis. i think this story substantiate that. the book is not only a chronicle of a personal story, starting with his departure from being in army officer in the korean war and his entry into the insurance industry. but then going on to become the head of aig. bringing it to what became literally the largest insurance company in the world with almost over $8 trillion. there is the personal side